Hut 8 Target Cut by StoneX to $165 and by Rosenblatt to $100
StoneX and Rosenblatt both lowered price targets on bitcoin miner Hut 8 shares. StoneX kept its Buy rating on the stock.
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what happened
StoneX lowered its price target on Hut 8 shares to $165 per share from $195 and kept its Buy rating. Later, Rosenblatt cut its target to $100 from $124. Dow Jones Newswires reports this, citing Benzinga ratings data.
why it matters
Two successive target cuts from separate brokers point to a more cautious view on the bitcoin miner's stock. Such targets reflect analysts' valuation estimates rather than changes in mining itself, so their broader market impact is limited. Investors may still treat them as a gauge of sentiment toward listed miners.
tags
instruments
sources
- Hut 8 Price Target Cut to $165.00/Share From $195.00 by StoneX — Dow Jones Newswires, 5 November 2026 at 16:52 UTC
- Hut 8 Price Target Cut to $100.00/Share From $124.00 by Rosenblatt — Dow Jones Newswires, 5 November 2026 at 19:39 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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